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tv   FOX Business After the Bell  FOX Business  April 30, 2013 4:00pm-5:01pm EDT

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[closing bell rings] >> both are front and center. those are key pieces of information this week. david: nicole petallides. we see all the indices closing and closing to the upside. looked like for a while the dow was going into negative territory. managed to pull up in the last remaining seconds. it may still settle down a little bit from where it is now but we have a 16-point gain on the dow, about 3 1/2 point gain on the s&p. this is a new high for the s&p as nicole just said. the nasdaq, tech-heavy, very good day for nasdaq today up 21.7 points. that is more than a half a percent lead on the nasdaq. and the russell 2000, pulling off a win of about half a percentage point as well. good day for all the indices today as we look at your money. some big earnings movers by the way. pfizer w performer on the dow. there were down air rors -- arrows despite reporting rising profits. drugmaker reported decline in sales of top products and
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reduced its outlook for the whole year. on the flipside we get apple. we talked about that with nicole, hitting a 52-week high following its earnings. the company reported an increase in membership enrollment and raised its full-year guidance. "after the bell" starting right now david: want to correct something. aetna upped its membership. that's why it did so well today. we have a jam-packed hour. liz claman is joining us live from los angeles at the milken global conference. liz, i know one of the guys you got coming liz: well as, yuri milner who is a friend. you covered his father back at "the wall street journal." he is a billionaire and made major, major investments when it comes to tech and silicon valley. we're dying to know what he is looking at coming up next. we're here at the beverly
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hilton hotel at the milken global conference where hallways are crawling with some of the biggest around best names. we have goldman sachs abby joseph cohen. she made a very smart call a couple months ago to remain in the markets. now she is making calls about that. i asked her, surely there are concerns out there. she said, many. so what are they? got to stay tuned for that interview david. i will send it back to you. david: it will be a busy good hour. see you in a couple minutes. let's get to today's action on east coast. we have peter kenny, knight capital managing director is warning of increased volatility. he says investors have to get defensive. ron weiner, whose last stock pick is up 8% since he told you to buy. he is back with more plays how you can make money. larry shover at the pits of the cme. larry, i want to start with you. let's mention the fed. the fed is meeting. they hunkered down. tomorrow they come out.
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any expectations from traders about what the fed might do? >> i think the expectation is there will not be any major policy change, although vernacular will probably change. that's what we're looking for. the labor market, they need to come out and say it is frustrating. they need to say something with regards to inflation discussion that we're talking about. is it disinflation or deflation? and the game-changer, something that will really help everybody, is maybe a new exit strategy for them to be a coupon clipper, no sale. but continue to be coupon clippers. let the balance sheet run up. that is what i think people are looking at. david: wouldn't that alone spook the market, larry? >> i think it would but at some point this balance sheet is so gigantic, so enormous, we have to experience dealing with a balance sheet this big, at some point we have to come to terms with dealing with it. david: so, peter, if all the fed does is clip coupons, don't buy anymore, they let the bonds expire would that create a market downturn.
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>> it would certainly create volatility and likely the default action would be lower because it shifts the policy focus from an extension of current policy to something that's less supportive. if this particular context equities. it's, the distinct possibility. i'm not expecting it. i think we will hear more of the same. but let's face it, the jobs employment gains we've seen have got to frustrate the fed. and there has to be some sort of a vernacular adjustment to address that. david: ron, that is the point. other than the stock market itself which loves easy money, and perhaps the real estate market, we have a seen a real estate boom, some is due to low interest rates. frankly they were low enough before when people weren't buying. what good, other than pumping up the market have fed actions done? >> the fed's idea is just to drive money into risk assets. they're doing it. not just this fed but three other feds around the world. first time ever, you can't fight four feds.
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so i think this is the only game in town. i agree with the other guests. they're not going to do much because unemployment is staying, high. i don't think we expect much from the fed and i think people will be exiting bond and cash finally getting into the stock market and that is not necessarily the right thing to do. david: we mentioned the fed, ecb, the european central bank is coming out with their meeting notes and information about what they're plan tock do with their currency on thursday as well. so it's a big week for central banks. larry, focus on a little positive news, japan the "wall street journal" had a piece today about how some gloom and doom in japan is fading away and there's a lot of optimism now. do you believe in japan? >> long-term term i don't believe in japan because i believe the fundamentals behind all this is a lot of smoke and mirrors. what is propelling a lot of this right now is what we call the carry trade. the yen becomes so cheap and people bore row yen and lend
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out in other currencies. that if they have a governmental shift it could be a big problem short term. i think there are a lot of things underneath. keep in mind how many financial prime ministers they have gone through the last seven years. i believe it is close to five. they have a long way to go but knows to see baby steps but it is pretty aggressive at this point. david: let's bring it back home, ron and talk about apple for a second. great news on apple. issuance of 17 billion in bonds is exciting the market. it has been up significantly over the past couple weeks. is apple back, ron? >> well. >> i was on last week after apple announced their earnings. sure thing you have to buy apple because the analysts almost universally downgraded it. that is buy signal to my. we always thought apple was cheap, down here, certainly at 400. we think it is cheap now, at 9.9 times earnings.
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they're still growing. they're throwing company out for dead that they will never innovate. apple is still a buy in our minds. it was certainly a screaming buy down around 400. david: in order to buy apple products or any products people have to have income. the income is not better on the part of most americans. do you think that eventually play into stock numbers as people continue to spend less because they have less? >> yes. however, the improving climate that we're seeing for housing, for house appreciation, home appreciation, the marginal uptick in consumer sentiment that we saw this morning, and the modest but consistent improvement in employment trends, though not dramatic, are definitely bleeding some confidence and i suspect in the second half of this year, we'll see more confidence in an upticking consumer discretionary spending with you would support the likes of the apple, large cap technology stocks that have a focus on
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the consumer. david: hey, ron, which gave you credit for one stock that is up single digits but you recommended starbucks last time you were here. they're up 31%. you still think starbucks is a play because of emerging market trends. explain. >> we're always looking to sales to emerging markets because that is 70% of the globe. starbucks by 2014, their second biggest market will be china. they bought a tea company. they bought a bakery company. they will open 3,000 stores the next two years. they have great management. they're getting more into the k cups. they're executing on all fronts. it is not a cheap stock but the growth rate makes it a buy here as well. david: well, ron you have winners with us before. ron, good to see you. peter kenny, always great to see you. larry shover we'll see you in a couple minutes when the s&p futures close. thanks, gentlemen. he made his billions thanks to savvy timing investing in social media and buying into facebook and groupon well
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before their public debut. where is he playsing his bets right now? yuri milner, digital sky technologies founder will join us. goldman sachs says we're not overbought and the bulls will continue to rule. where do they see opportunity? well, abby joseph cohen, goldman sachs senior investment strategist and president joining us in a moment. you don't want to miss that. also we want to hear from you. nielsen, the tracking, they track tv shows, how much you watch. they may soon begin tracking online viewing of tv shows, online viewing. do you watch more tv online than on a traditional tv set? log on to facebook.co facebook.com/afterthebell. we're going to read some of your answers a little later this hour. ♪ [ indistinct shouting ]
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david: see what's happening to blackberry recently?
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shares of blackberry trading about 16 bucks for first time since lay march. let's head back to nicole petallides on the floor of the new york stock exchange. good day for blackberry. >> right. is it hot or is it not? that's the question. well right now it is hot again. the blackberry, right, the new q-10, those phones available in the u.k., they were on sale and sold out in about two hours which led blackberry executives to tout the company's new blackberry that everybody waited for about a year and a half and its keyboard and what a great specimen it is and that they have sold tens of millions much. that is what they expect they will sell, tens of millions. so according to the reports that we're seeing, the chief executive officer of blackberry is very hot on the potential for its new products. it is up about 13%, this month, dave, and as you noted above that $16 mark which is a big deal. back to you. david: good stuff. thank you very much, nicole. well, the s&p futures are
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closing in about a minute. let's head back to larry shover in the pits of the cme always try to get a prediction what is happening tomorrow by the close of the s&p futures. what seeing, larry? >> once again the markets are slow and choppy as once again we're waiting for very important and vital data points. we have on obviously the fed tomorrow. ecb on thursday and the bls report, the labor report on friday. do keep in mind they're penciling in 150 to 155,000 job adds. remember 88,000 last month. this could be a game-changer. so we're on hold waiting for friday. david: okay. friddy's a day. of course tomorrow is not insignificant, with the end of the fed meeting as well. larry, good to see you. in the realm of tech investors our next guest has become somewhat of a legend, amassed a 10% share of facebook long before its ipo. if you want to know how to invest in social media few can top our next guest, who
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joins from us the milken global conference, liz. liz: david, we are happy to welcome tech investor yuri milner. he is the founder of digital sky technologies and he broke into the forbes billionaire list in 2011 thanks to his savvy timing on social media. and you, by the way for our people who don't know, our viewers who don't know, have pretty significant stakes in names like facebook, spotify, ali baba, twitter. so you're the perfect person to talk about sort of developing technologies right now and let's just begin with that. with social media, is it as strong as people believe it to be when you start to see that many of the companies that have gone public are floundering just a bit, ex, linkedin? >> linkedin is a very social story. you know, i built a company called mailroom, which is the largest company in europe. i think it is doing quite well also. so i think there are, there's a subset of
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companies that continue to do well. and i think facebook has a very bright future ahead of itself. liz: i have to ask you about twitter because twitter is in the news so much lately. it has major power. so many people in this hallway, i keep hearing i have to tweet this picture, listen i was tweeting a picture of me and magic johnson when i saw him in the hallway here. you are an twitter. aren't you angling to get the company to launch an ipo so you can get your investment back? are you pushing for that? >> i think it is really up to management to make those decisions. i think that we are very patient investors. i think there is the, has to be a right time for the company to go public. in fact our investment strategy was totally based on giving enough liquidity to private investors in big companies, so that the ipo can actually be postponed. so, i think, this is very relevant for some
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significant companies to basically not go public too early and, --. liz: been a few years, hasn't it, with twitter? >> i think it was a couple of years. liz: yeah. been a couple. david, you've got some questions. david: i do, and yuri, good to talk to you again my friend. facebook, let's talk about, dozens if not hundreds of people probably come to you in the course of a year with ideas for you to invest in. i'm just wondering what made facebook, or in particular zuckerberg stand out? was there something different about zuckerberg that made him stand out from the crowd? what was it? >> well, there are, really a handful of people in the world who are capable of building companies that are bigger than $50 billion valuation. you have to be a true genius. you have to be able to grow extremely fast. you have to be able to
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organize people. you have to be able to understand technology products and many other things. there are only seven companies in the last 20 years in the technology space built with that sort of valuation. people like that are born globally only once every two or three years. david: we know what zuckerberg created. we know what he has created but when you saw him in the very early stages of facebook what did you see in him that said, this guy is tremendously good bet? >> all of the above mentioned. i could see what tremendous potential he has has an individual and as a result he could build a great business and lead it for a long time. so, you know, it didn't have too many meetings to be able to see how capable he is.
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liz: all the more reason then, that you must be disappointed in how the stock was launched as an ipo and how it is performed perhaps? >> well, i think, it, it was an interesting ipo in many ways. i think that you have to be patient with, with big companies. if you look at google and apple, they are having their ups and downs but the bottom line is that this companies are not going anywhere and they're here to stay. if you think about facebook, it is so dominant in what it does, in the world, that it was very hard to see, something bad happening to it anytime soon. specifically because it is led by such a capable ceo and founder. i emphasize founder because when the founder is leading the company, it is always
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something very special. it is always something that keeps the dna of the company going forward. david: yuri, can i just ask about russia itself, pulling back and looking at the country because a lot of people are thinking about investing there. jim rogers, who was against it for the longest time is now investing heavily there. when you and i first met in moscow 20 years ago, the soviet union still existed but you were about become the first soviet student at the wharton business school you graduated, got your mba. people in russia have changed and are doing some spectacular things. you're witness number one for that but the system, does the system still need to change in some ways to make it more open to investors? >> well, i mean, i've, i can only judge in a narrow sense. i build a company which is leading internet company in russia, and in fact in
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europe. it took 10 years to build. the, the environment for building that sort of a business was very receptive at the time. i, i have sold my position in all russian businesses in the last few years to completely focus on investing globally actually. david: interesting. >> so, blue if you think about it, the russian internet space is a very competitive space. google and facebook are competing with local players. there is really no restriction for foreign competition compared to other countries, like china for example. so, i think it's, at least from my vantage point, it was really free market very open to global players to compete in. liz: yuri milner, and david, i don't know if you know this because i just asked him of all the companies he
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invests in he does not sit on a single board as matter of principle which i find very interesting. david: by the way, i want to mention yuri's father, boris milner was one of the most brilliant economists, when i was writings for "wall street journal", my best source in russia was boris milner, yuri's father. i put up by the way on our web page i put up a article i wrote 20 years ago, yuri which mentions your father several times. god bless him and great to see you, yuri. >> thank you, david. liz: he smiled as you started to say that, he is very proud of that. david: he should be. boris is a great guy. thank you very much. the markets are hitting new highs so is there still room for the bulls to run? goldman sachs certainly thinks so recently up greating equities? where do they say new opportunities? abby joseph cohen senior investment strategist and president joins us next. ♪
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david: we have more signs of a housing recovery. today's case-shiller report showing home prices for 20 u.s. cities posting their largest year-over-year growth since 2006. now what does that mean for industries driving the housing market? jeff flock is in muskego, wisconsin at penny mustard furniture company. i love the name, jeff? >> and beautiful furniture, david. it is all made in the usa. i'll tell you it is great stuff and great news for the folks at penny mustard. i tell you why they call it penny mustard by the way in a second. i will talk to ben huff, one of the brothers that run the company. you love the news today out of the case-shiller folks.
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anytime home prices are up it is good news for you?. >> yes it is. it will increase sales of home furnishing industry which is good for anybody in the home furnishings industry. >> i will show that in a moment. want to show you homebuilder stocks who are not up today. they have taken a lot of hits lately in terms of downgrade. but if the stuff that goes into homes, we look into that one, companies like restoration hardware, bed, bath & beyond, when homes are selling it really drives the economy. >> yes. especially when you look at something american made. when homes are selling, putting furniture in the homes. whether lamps beds or dressers, sofas, if it is american-made you're driving those craftsmen making a living and spending that money again. >> what penny mustard does, david is interesting. as we walk around the shop you see various pieces furniture is states of assembly. you contract with different cabinet makers around the midwest. how many of them? dozens right? >> i wouldn't say dozens.
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15 to 25. >> you have american craftsmen make your hand-made furniture which is great stuff. also helps the lumber industry. that is the other thing that benefits when homebuilders take off. lumber you get here is again american-made lumber. >> yep. >> company like weyerhaeuser out there. >> yeah. >> they're up 50% year-to-date. >> yep. that number don't surprise me at all. there is a lot of small mills too we deal with. they're all local and lumber is grown locally. >> penny mustard, i promise you that story. when he and his brother were kids they used to pick weeds on his father's farm. they got a penny for every mustard weed they pulled out of the hay field. david: american ingenuity and american craftsmenship coming together in a wonderful combination. jeff, thank you very much. historic hand of poker was dealt in nevada, ultimate poker, first real money internet gambling game launched. chairman and cofounder of ultimate gaming, maker of
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the game joins us live. we're heading back to liz claman still live at the milken global conference. what is coming up, liz? >> dave, coming up next, one of the voices over the past hurt years in the markets. it is abby joseph cohen of goldman sachs. boy, does she still believe in this rally but a little less so because of some important today, -- dark clouds she season the horizon. hear what else she has to say about the overall picture. we're live from the milken institute global conference here in beverly hills, california. ♪ we went out and asked people a simple question:
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david: we can't emphasize this again. the s&p hit another all-time high today. keeps hitting heights. there is no ceiling at all in this market at least for the moment. let's head to liz claman, milken institute global conference, liz. liz: all these people in the hallway kept coming to our monitors to see how the markets were trading very much because of that, that s&p 500 record, david. just a short time ago, i was
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able to grab goldman sachs's senior investment strategist, abby joseph cohen. among other things i asked her what she thought about the fact that major markets are sharply higher this year and new highs for the s&p 500. here is what she said. >> what is happening, liz, the u.s. economy is recovering. it has been growing obviously in fits and starts. we can talk about some of the problems. the economy is growing. jobs are being created, more slowly than we might like. profits have been good. so the u.s. economy is, providing the support and the valuation for the stock market has been also helpful. we started this move up in stock prices from extraordinarily you know valued levels. liz: here we are with the s&p having perhaps best monthly gain since 2009. you are still bullish. is there anything you see on the horizon that warrants caution? >> there are many things. first of all, valuation,
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while good, is not as supportive as it might have been. let's not forget that the stock market is doubled since its lows in 2009. we also of course look at various things in the economy. right now, it is the global economy more than the domestic that gives us pause. we're concerned about europe, for example. the united states does awful lot of trade with europe. our single most important trade customer outside of north america. many u.s. multinational companies, even if they're not exporting to europe they're doing business there. liz: you're saying, abby, not os in europe by a long stretch? >> we think europe is still in recession and that recession will last a while longer. we're finally seeing some changes in economic policy there. central bank, we're all watching this week, if ecb will make some adjustment. then of course the national governments there are moving away from the severe austerity program. liz: i was just going to say,
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is that how you believe countries will recover more quickly to avoid painful austerity programs? >> these austerity programs in some cases went overboard. you know, austerity is in theory a great thing but the single biggest problem in your economy is high unemployment and no growth, now is not the time for austerity. there is a great quote from lord keynes the right medicine at the wrong time is the wrong medicine. liz: let's bring it back to the united states. a lot of investors who are watching now are too frightened to get in, let's go back year-and-a-half now. they missed a massive run up. is it too late to get in for equities? >> we think equities are still undervalued, but not as much as they were. the other thing to think about is risk in other asset categories. one of our concerns is that the bond market, which we all like to think of as being very safe, may not be so safe because yields are so low.
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at some point in the future, not right away, yields will start to rise, and then the mathematics of bonds basically say when yields go up, the prices of bonds go down. so many individual investors who are not that familiar with bond vesting may discover that they have prescription pill loss in their accounts. liz: isn't that amazing? you can lose money by investing in treasurys? >> you certainly can. it all depend upon what the yield is. one of our thoughts of course is that investors need to always have a diversified portfolio. liz: how would you then recommend allocation? i know for every investor it is different but, do you like things like gold? goldman sachs just changed its rating on commodities. it had been overweight and now it is going down i believe to about neutral? >> our focus would really be on equities and equity-like invests that give you some connection to economic growth. particularly in the united states and the parts of asia and latin america that are doing better. so we're looking for things
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that, let's call it a beta. that is a beta, exposure to the economy. liz: what is it two weeks ago now, goldman sachs made what appeared to be quite the brilliant call. they said, get out of gold. in some cases short gold. gold fell precipitously. then that allocation switched and they said, you can stop that trade now. do you sit there one time, saying what are they doing two floors below me right there, making calls right and left? >> it is really a question of time horizon. in the equity space we clients who like to trade on a daily by basis but others who do have a multiyear time horizon. in the commodity markets it is same sort of thing. from our perspective it is all about the value, and the time horizon. and, from our standpoint, particularly for many individual investors we think that the best thing to do is take an intermia -- intermediate to long term horizon. don't be in there trading
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back and forth. liz: you've been a long time for the markets at goldman sachs, do you still love what you do? are you still in the game a lot longer? i'm not pushing you. people ask, how long will she stay? >> i'm at intersection of economics, markets and government policy we deal with issues like long-term economic development in the united states, regions of the united states and around the world. and challenges to that growth including climate risk. and for me this is just a wonderful way for me to bring my years of experience to help investors and maybe some government officials make good decisions for the future. liz: short answer is you're staying? >> i love my job. liz: abby joseph cohen, thanks very much. okay, you know, listen you have to ask because she is an iconic member of the wall street glitter rought at this. there you are abby joseph cohen. walking the halls are world
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leaders and former world leaders. earlier today we had a chance to sit down with former british prime minister tony blair. i asked him what is next for europe? we already had a major economic collapse in cyprus and could cyprus be the beginning of the dominoes falling? here is how he responded. >> i hope not but i don't think we're through this yet. truthfully the problem is, that the risks are as much political as economic. for countries to go through periods of very low or no growth, rising unemployment, and that having to make big structural reforms in labor market, pensions, welfare, state services this is really tough and if we can't get some growth back in the european economy, i think we have got a big, big challenge. liz: obviously you're not a leadership role now but do you sit here and think to yourself thank goodness i opted out of euro? >> i'm afraid this is thing about politicians. when there is crisis that's when you think it would be
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nice to be there. liz: really? do you think the euro survives? >> i think, on balance the euro will survive. liz: yes, he says on balance it will survive. maybe with a few things, countries nipped off the margins, david. i will send it back to you. david: of course they still have the british pound sterling. they really don't have to worry about the euro in england. thanks very much, liz. online gambling is back and we have the founder of the site that dealt the first legal hand of internet internet poker. the chairman and cofounder that hopes to cash in on this joining us next. (laughs) i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. (screams) i'm really glad that girl stayed at home.
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visit us at marsco.com. no trading minimum. no share limits. no inactivity fees. go to marsco.com to open your account today. $3.95 a trade. david: nevada-based ultimate faming launched ultimate poker today. this is the first legal money online game in the u.s. is this the ice breaker that will eventually crack all the legal obstacles for online gambling for
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everybody? will online gambling become a money making trend for states all over america? who better to ask the chairman and cofounder, tom brightly. tom, congratulations. tell us how active was your site today? >> well, i'm proud to say that we launched this morning and we had a lot of interest. i can tell you there is a lot of pent-up demand from poker players in this state and across this country. so this morning we dealt the percent hand of legal, real money online poker. this is a first in this country, and i can tell you a lot of people are talking about it but we're actually doing it here at ultimate poker starting this morning. david: did you have any expectations and have you met the expectations so far? >> i always like to, underpromise and overdeliver and you know, nevada is a state with 2.7 million residents but we also have 40 million tourists and we've been see, you know, a lot of interest on both fronts. you can actually go online and register from anywhere in the world. now you have to play within
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the, within the state of nevada and you have to be 21 to play but, there is a lot of pent-up demand from poker players. david: let me call you on that. i was wondering about this. a lot of time when somebody calls me from the cell phone and i see an area code that is not the area code that i know they're calling from, i ask them, they say, hey, because my cell phone -- who is to stop somebody with a nevada cell phone going out of state and calling in to make a bet? >> well, we actually have some unique technology that uses ip verification on your computer as well as your cell phone. first you have to have a cell phone to play. you have to be 21 to play. one of the most important decisions we made as a company was to own and control our own technology. and so it allows us to do a couple of things. it allows us to innovate and constantly enhance and enrich the customer experience and allows us to work with regulators. that is really important that we work hand in hand with regulators. this a new era where
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innovation must meet regulation. all issues you reference verifying where someone is and who they say they are, that is all-important and we're doing that as we speak and live table games are going on right now. david: whiching are regulators? federal regulators, state regulators, all of the above? >> this is state regulators in the state of nevada. we commend the governor of the state of nevada and nevada gaming control board. what you have, people have to go through a licensing process to make sure they're suitable. you have to actually have the technology go through some strict licensing starz standards. and we've met those standards. we are live and, what, we'll be working with regulators each and every day as we move forward. david: tom, you will not please everybody. some people are against the whole concept because they say that you're playing into the compulsive gambling population. there is no way that you can prevent the compulsive gambler from sitting in a dark, quiet room somewhere and spending their fortune. what do you say to that? >> well, you know, we have,
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we have lots of protections in place as it relates to problem gaming. my partnerses frank and lorenzo fertitta have been operating in the regulated gaming space with station casinos for 30 years. it is about providing a unique entertainment experience. david: i understand, but how specifically do you stop compulsive gamblers? do you have limits or what? >> you can actually self-exclude yourself the you can put limits. on the internet you can actually do that. david: gotcha. >> those are protections we have in place. >> tom, giving me the wrap. i know it is bad luck and don't want to jinx anything but what do you think the daily take could be? >> in nevada it could be $100 million market. we think nevada will just be the beginning. this will be done in safe and secure way and other states will follow. we're for federal regulation for poker only that limits gaming. david: tom, great to see you. congratulations.
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>> thank you, best of being luck. nielsen is testing a new tool to how to attract digital audiences, not the old tvs we're used to looking at more people turn to online to watch your favorite shows. what could it mean for traditional tv advertising? we'll be right back with more on that. ♪ . at od, whatever business you're in, that's the business we're in.
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with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises.
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david: well the television networks including us are well aware that millions of their viewers are watching online but how do you charge advertisers for that? wouldn't you know it? now they have an app for that. dennis kneale has the details. dennis. >> hello, david. you know nielsen, the ratings monopoly is going where viewers are. it will start measuring online tv watching. start as trial soon with nbc, fox, abc, cbs, univision, discovery, a and e. it wants to roll out a commercial service later this year. which one day online may overtake cable as the most common way we watch television. nielsen's biggest customers, the necessary works hope one day to use the new online ratings to start charging advertiser all extra viewing
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flowing to the internet. overall we watch far more tv on tv screens than devices. on average we spend 41 hours a week watching content on some kind of a screen. 34 hours of real-time television. two hours of time shifted. four hours online. yet the online trend is not reducing how much time we spend watching real tv on the tv screen. nelson numbers show tv usage last month around the clock, all viewers up 2% from the year before. and up a touch in prime time as well. it may be that the extra screens are adding to it. have watching, not reducing it. just one problem though of. nielsen will be measuring online viewing on laptops only. not on iphones or other smartphones. and not on the ipad or other tablets. that means netflix shows that are watched on xbox 360 or playstation won't be measured. even as nielsen watches laptop viewing from hulu and youtube it will leave out
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millions of online viewers watching on their iphones and tablets. viewers and networks are dying to put a price tag on delivery to advertisers. nielsen says hey, you got to start someplace. it working eventually to include tablets and the like though nielsen can't say when that will happen, dave. david: nielsen, dictators, nielsen. dennis, thank you very much. >> thanks. david: we asked you on facebook whether you watch more online television than regular tv? whether you anticipate watching more in the future? we have some of your responses coming next. ♪ this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i' be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger,
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david: you just heard the story about nielsen. we asked you on facebook if you watch more tv online than traditional tv? we have tale of two viewers. brian on facebook wrote in to say i hardly watch tv anymore. i get 90ers of the my information online. on the other hand, jack wrote, i don't watch any online tv. why did i buy a 48 inch much television if i would watch tv on a nine inch ipad? good question. we have a good show tomorrow. liz is back from the milled ken global conference. what is on tap? liz: day three on "after the bell". we have the bombardier ceo. they are huge in railway equipment, trains and
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subways. and we have the milwaukee brewers principal owner. he is co-founder of crescent partners. and much more. we'll see you then. david: "money" with melissa francis is next. melissa: i'm melissa francis and here's "who made money today". warren buffett, berkshire hathaway owns a significant slice of mastercard. mastercard stock hit a record high today, climbing nearly 2%. buffett owns 405,000 shares of the company. that means he netted a one-day gain of $4.2 million. not bad. getting money today, apple. it sold $17 billion worth of bond. it's the largest non-bank bond deal in history. apple is planning to give $100 billion back to shareholders by the end of 2015. the bond sale will help finance it. those shareholders are not complaining today. the record bond sale helped apple's stock climb 3% the.

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